For a Maximization Problem,the Conservative Approach Is Often Referred to as the

question 59

Multiple Choice

For a maximization problem,the conservative approach is often referred to as the

• A)minimax approach.
• B)maximin approach.
• C)maximax approach.
• D)minimin approach.

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Definitions:

Resource Constraint

Limitations on the availability of resources such as time, money, and labor that can restrict project progress or business growth.

Accounting Rate of Return

A financial metric used to measure the profitability of an investment, calculated by dividing the average annual profit by the initial investment cost.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, presented in a structured way.

NPV

Net Present Value (NPV) is a method used in capital budgeting to evaluate the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows.